Ex-Madoff manager gets 10-year prison sentence

NEW YORK — The former operations manager for Ponzi scheme mastermind Bernard Madoff was sentenced to 10 years in prison Monday for aiding the decades-long fraud that stole as much as $20 billion from investors. Daniel Bonventre, 67, was also held jointly liable with Madoff, four former co-workers and other conspirators for more than $155 billion in forfeitures, representing proceeds generated from one of the largest financial scams in history. The Manhattan resident became the first ex-Madoff employee sentenced to prison, as U.S. District Judge Laura Taylor Swain denied bail pending expected appeals of the March convictions of Bonventre and the four former co-workers on conspiracy, securities fraud and other charges. More in USA Today here.